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Strategy This Wharton Professor Shares How to Put Together the Perfect Board of Directors If your company has a board of directors, make sure it has the right people, the necessary skills, and the personality to put it all together.
Getty Images The board of directors of any company plays a pivotal role. In a public or private company, the board members' interactions with the CEO and the rest of the C-suite will help determine the company's future. Putting together a good board is a difficult task, and many companies have failed.
So if you're building a board of directors, how do you make sure you'll have a good one? YPO member Bernie Tenenbaum knows a thing or two about being on a board of directors.
After all, he's sat on over 50 of them, and served as the associate director of the Sol C. Snider Entrepreneurial Center of the Wharton School of the University of Pennsylvania, the oldest and largest academic program in entrepreneurship in the world.
Today, Tenenbaum is the founder and managing partner of Lodestone Globala consultancy focused on strategy assessment and board design and development. He helps companies put together a board that is right for them, with the mix of skills and personality their industry requires.
On an episode of my podcast YPO 10 Minute Tips from the TopTenenbaum shared his tips for putting together the perfect board of directors: If you don't have a clear vision of your futuredon't bother trying to gather a board of directors.
Tenenbaum says, "The first step in building the perfect board is this strategic assessment, basically a more sophisticated, 'What it is you want to be when you grow up? Once when you have a precisely defined strategy should you think about governance.
Tenenbaum advises, "Don't look out the rearview mirror.
Look out the front windshield. If the board is effective, it's there to drive strategy and to clarify objectives. If you spend all your time focused on what happened yesterday, instead of what's going to happen tomorrow, you're not going to be prepared for tomorrow.
Are you really ready for a board? If your company doesn't need a board, you may want to think twice about whether you even want one.
Tenenbaum directs, "The first thing that any good entrepreneur or CEO needs to do is to take a hard look in the mirror, naked. Facing a board requires the confidence to know where you're going, but also a willingness to be challenged.
Having a board also requires you to have the time to dedicate to them. It won't work for every company, and that's OK! He explains, "I was the pet professor on a public company board. It looked nice on the annual report. He quips, "If you're going sailing, don't get Sherpas who are good at carrying everything up Mount Everest.The board of directors of any company plays a pivotal role.
In a public or private company, the board members' interactions with the CEO and the rest of the C-suite will help determine the company. Daniel is an Associate Professor and Director of the Centre for International Trade and Transportation at Dalhousie University in Halifax, Nova Scotia. Previously he was on the faculty of Marketing and Supply Chain Management in the Eli Broad College of Business at Michigan State University.
Associate Professor Dr. Said Bouheraoua Independent Non-Executive Director Dr. Said, an Algerian, obtained a Bachelor in Fiqh and Usul Fiqh from the University of Algiers in , Master of Quran and Sunnah in and Ph.D in Fiqh/Usul Fiqh (Shariah) from . Curriculum vitae of Ruth Khasaya Oniang’o.
Skip to content Skip to the navigation bar Skip to footer ; Board of Directors. Elected to the Board Associate Professor - Senior Lecturer - Lecturer - Assistant Lecturer, Kenyatta University, Nairobi.
Board of Directors Strong corporate governance is essential for a successful business, and our board members ensure Walmart operates with integrity and accountability. Learn more about our corporate governance policies and read our Statement of Ethics. Assistant Director is responsible for: Assisting in developing and implementing plans and goals for the department, Working with the director to coordinate and supervise daily operations, Ensuring compliance with regulations and internal policies.